Donald crafts new management team at Carnival

Four months after taking the reins at Carnival Corp., Arnold Donald is shaking up the management team at the cruise line operator.

On Monday, the company reported that Howard Frank will step down as chief operating officer to take on a new role as special adviser to Donald, the Kansas City Star reports. Alan Buckelew, president and CEO of Princess Cruises, will take on the role of chief operations officer at Carnival as of Dec. 1.

Carnival also named a new chief executive for its Holland America unit and appointed a new president of Princess Cruises.